The Fair Share Report
10 Ave B
Helmetta, NJ 08828
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $225,672 – $299,077, from 12 comparable Helmetta sales in the past 18 months, at this home's 864 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Helmetta assessments sit below market value — republished every October, applied town-wide. A $249,471 home should be assessed near $138,456.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,044 above what the ratio math suggests (50.6%).
Step 4 · The tax rate — same for every Helmetta home
$2.120 Schools · 60% $0.601 County · 17% $0.836 Town · 24%
Step 5 · The bill
This home vs. every recent Helmetta sale · assessed ÷ market
36%98%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (63.82%) — roughly $2,492/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 48 LAKE AVE | 2025-02 | $161,000 | 804 | 107.1% |
| 15 RAILROAD AVE | 2025-01 | $315,000 | 910 | 54.7% |
| 23 OLD FORGE ROAD | 2026-03 | $311,250 | 1,296 | 66.1% |
| 37 RAILROAD AVENUE | 2026-06 | $257,500 | 1,026 | 62.1% |
| 26 NORTH SHORE BLVD | 2025-12 | $367,000 | 896 | 60.2% |
| 1006 MEADOW CT. | 2026-03 | $295,000 | 1,039 | 42.9% |
| 2405 CANDLELIGHT CT. | 2025-09 | $300,000 | 1,039 | 42.2% |
| 102 RAINTREE CT. | 2025-09 | $285,000 | 1,039 | 47.1% |
| 710 MEADOW CT. | 2025-03 | $305,000 | 1,039 | 42.4% |
| 38 JOHN ST | 2025-08 | $280,000 | 1,072 | 58.3% |
| 10 ERICKSON AVENUE | 2026-04 | $330,000 | 722 | 49.2% |
| 27 RAILROAD AVE | 2026-01 | $343,000 | 1,056 | 53.5% |
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